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Oil-rich Abu Dhabi is the capital of the UAE and its largest Emirate. Though the majority of opportunities in Abu Dhabi remain in the oil and gas industry, the Emirate is making strides to diversify its economy. Abu Dhabi Company formation is therefore an increasingly attractive option for entrepreneurs, although it is also an expensive and difficult process.
The challenge of Abu Dhabi Company formation is exacerbated by i) high government fees ii) inconsistent and complex UAE Company Law and iii) inefficient bureaucracy. That said, Healy Consultants has completed Abu Dhabi Company formation efficiently and effectively for several of our international Clients, who value our experience in this area
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| Advantages of Abu Dhabi branch company formation | |
| 1. | An Abu Dhabi Branch company is not required to appoint a UAE national as 51% shareholder. |
| 2. | A registered Abu Dhabi branch office of a foreign company is not required to appoint a commercial agent or a national service agent. |
| Disadvantages of Abu Dhabi branch company formation | |
| 1. | Setting up an Abu Dhabi branch company is a long and tedious process. A foreign company may establish a branch in Abu Dhabi provided it has been approved by the i)Executive Council and the ii)Federal Ministry of Economy and iii)Commerce. Following this it is granted an appropriate licence from the Abu Dhabi Municipality and been accepted as a member of the Abu Dhabi Chamber of Commerce. Additional specific approvals may be required from various Federal Ministries and local government departments depending on the intended activities of the branch. |
| 2. | Once established, the branch must prepare local accounts, which must be audited by local auditors. Audited branch accounts should be filed with the Abu Dhabi Ministry of Economy and Commerce on an annual basis as part of the licence renewal processi. |
| Healy Consultants fees for Abu Dhabi branch company formation | |
International entrepreneurs should budget for Abu Dhabi LLC Company formation fees ranging from US$16,900 to US$37,100 depending on corporate structure and professional services required. Please email us your requirements and Healy Consultants will provide you a tailored quotation. |
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An Abu Dhabi Branch Company is also a popular type of Abu Dhabi Company. While it is not necessary to appoint a UAE National as a 51% shareholder, it is necessary to appoint a UAE National sponsor. Through this entity, one can obtain local visas, rent Abu Dhabi business premises and open an international corporate bank account. Unfortunately, a this type of Abu Dhabi Company cannot obtain a UAE trade license from the Government. Consequently, an Abu Dhabi Branch Company cannot trade products or provide services within the UAE. International entrepreneurs considering this type of Abu Dhabi Company should budget for fees ranging from approximately US$23,100 to US$43,100 depending on corporate structure and professional services required. |
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| Further information | |
| Refer to the following links to read more information on Abu Dhabi Company formation: | |
| Contact Us | |
For more information on Abu Dhabi branch company formation, please email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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